PARIS, Sept. 30,
2024 /PRNewswire/ -- LVMH announces that it has sold
Off-White LLC, the company that owns the Off-White brand, to
Bluestar Alliance, LLC, a New
York-based brand management company. Terms of the
transaction are not being disclosed. Founded in 2012 by
Virgil Abloh, Off-White is an
international luxury streetwear brand.
"Virgil was a creative pioneer who had a profound impact on
the global fashion industry and creative community. Acquiring
Off-White represents a unique opportunity for Bluestar Alliance to
honor and build upon the enduring legacy of Virgil Abloh. His visionary approach to fashion
resonates deeply with our core values. Abloh's ability to fuse
street culture with high fashion has laid a powerful foundation
that aligns with our vision of fostering innovation while embracing
diversity. The acquisition of Off-White, and the opportunity to
provide strategic investment and build upon our global network of
resources will allow for the continuation of the cultural and
creative momentum that Virgil ignited, one that Bluestar Alliance
is committed to carrying forward," says Joey Gabbay, CEO of Bluestar Alliance.
LVMH is proud of the legacy that Off-White has built under
Virgil Abloh's visionary leadership.
Bluestar Alliance is the perfect partner to carry that legacy
forward. Bluestar Alliance shares our commitment to respect
creative integrity, and we are confident that, under their
stewardship, Off-White will continue to innovate while respecting
the spirit and values of the brand.
About Off-White c/o Virgil Abloh™
Established in 2013,
Off-White™ is defining the grey area between black and white as a
color. Under the brand name, seasonal men's and women's clothing
collections, objects, furniture, and publications articulate a
current cultural vision. Collections are embedded in a recurrent
backstory, with an emphasis on creating garments that have an
identity by design. With a design studio based in Milan, Italy, the label harnesses the
country's history and craftsmanship, yet offers a global
perspective on design and trends. With a clear vision of splicing
the reality of how clothes are worn with the artistic expression of
high-fashion, creative director and designer Virgil Abloh explored concepts in the realm of
youth culture in the contemporary context.
About LVMH
LVMH Moët Hennessy
Louis Vuitton is represented in Wines and Spirits by a
portfolio of brands that includes Moët & Chandon, Dom Pérignon,
Veuve Clicquot, Krug, Ruinart, Mercier, Château d'Yquem, Domaine du
Clos des Lambrays, Château Cheval Blanc, Colgin Cellars, Hennessy,
Glenmorangie, Ardbeg, Belvedere, Woodinville, Volcán de
Mi Tierra, Chandon, Cloudy Bay,
Terrazas de los Andes, Cheval des
Andes, Newton, Bodega Numanthia, Ao Yun, Château d'Esclans, Château
Galoupet, Joseph Phelps and Château
Minuty. Its Fashion and Leather Goods division includes
Louis Vuitton, Christian Dior,
Celine, Loewe, Kenzo, Givenchy, Fendi, Emilio Pucci, Marc
Jacobs, Berluti, Loro Piana,
RIMOWA, Patou, Barton Perreira and
Vuarnet. LVMH is present in the Perfumes and Cosmetics sector with
Parfums Christian Dior, Guerlain, Parfums Givenchy, Kenzo Parfums,
Perfumes Loewe, Benefit Cosmetics, Make Up For Ever, Acqua di Parma, Fresh, Fenty Beauty by Rihanna,
Maison Francis Kurkdjian and
Officine Universelle Buly. LVMH's Watches and Jewelry division
comprises Bulgari, Tiffany & Co., TAG Heuer, Chaumet,
Zenith, Fred and Hublot. LVMH is also active in selective retailing
as well as in other activities through DFS, Sephora, Le Bon Marché,
La Samaritaine, Groupe Les Echos, Cova, Le
Jardin d'Acclimatation, Royal Van
Lent, Belmond and Cheval Blanc hotels.
About Bluestar Alliance, LLC
Founded by Joseph Gabbay and Ralph
Gindi in 2006, Bluestar Alliance owns, manages, and markets
a portfolio of consumer brands that span across many tiers of
distribution with a heavy emphasis on department store retail
brands. Brands within the portfolio include Hurley, Scotch &
Soda, bebe, Elie Tahari, Kensie,
Justice, Catherine Malandrino,
Nanette Lepore, English Laundry,
Brookstone, Joan Vass and Limited
Too.
CONTACTS:
LVMH
Media: Jean-Charles Tréhan / jc.trehan@lvmh.com /
+ 33 1 44 13 26 20
Analysts and investors: Rodolphe Ozun /
rodolphe.ozun@lvmh.com / + 33 1 44 13 27 21
Bluestar Alliance
Marketing@Bluestaralliance.com
Sarah Rosen :
SRosen@bluestaralliance.com
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SOURCE Bluestar Alliance, LLC